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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
May 05, 1969
Page
21
Readers learn to compare unit prices to cut food bills. Examples show larger packages often save money per pound, with notes on variability. A Cornell Biesdorf chart explains how to read a unit cost table and apply it to everyday purchases.
H Bruce Palmer head of the National Industrial Conference Board cites crime as the nation’s top problem. He notes Sears Roebuck allocates 14 percent or $120 million into its price structure on $8 billion in annual sales to offset security costs and losses.
A discussion on common stock and commodity maxims questions diversification versus concentration, patience versus risk, and selective perception. The piece notes data sources from Chicago and New York exchanges and quotes Dr. Charles Harlow on market data and crime costs, plus calls for automated court processes and youth crime focus.
A Pittsburgh jury convicted three firms and three executives in a 72 day trial of price fixing on bathtubs toilets and sinks. The verdict clears the way for billions in damage suits, with many states and cities already pursuing trebled damages and class actions.
The adviser urges building a cash reserve with steady monthly deposits before moving into equities. Even at 25 dollars a month, mutual funds with low initial charges can work, but avoid high commission contractual plans and expect tax on interest dividends and gains.
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